EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading Urban Air Mobility (“UAM”) technology platform company, has announced a new Share Repurchase Program. Under this program, EHang may repurchase up to US$30 million of its American Depositary Shares (“ADSs”) or ordinary shares over the next 12 months.
The aviation industry is under increasing pressure to reduce its carbon footprint and move toward sustainable solutions. Researchers in the U.S. have made a significant breakthrough by using brewery wastewater to create sustainable aviation fuels (SAF), a promising development that could help decarbonize the aviation sector and contribute to global efforts to combat climate change.
Elysian, a newcomer in the aerospace sector, is pushing the boundaries of what’s possible with battery-powered aircraft, aiming to transform regional air transport within the next decade.
The board of directors of Universal Hydrogen has decided to liquidate the company after failing to secure additional funding and unsuccessful attempts to sell the business.
In a significant step towards greener aviation, China’s domestically developed aircraft have successfully completed their first test flights using sustainable aviation fuel (SAF). This achievement marks a crucial milestone in the country’s efforts to reduce carbon emissions in the aviation sector and showcases China’s growing capabilities in aerospace technology.
In a groundbreaking development that could revolutionize the aviation industry, CATL (Contemporary Amperex Technology Co. Limited), the world’s largest electric vehicle battery manufacturer, has successfully tested a four-tonne pure electric aircraft powered by its own ultra-high energy density battery. This achievement marks a significant milestone in the quest for sustainable air travel and challenges long-held skepticism about the viability of electric aviation.